USA: +1(669)289-8683 
Sign in
QUESTION 41.
Monthly demand forecast of STX-43 is
800 units
, averaged over all 12 months of the year. The product is known to have a seasonal pattern and July monthly index is 1.25. What is the seasonal sales forecast for July?
Answer
|
640 units |
|
799 units |
|
1000 |
5 points
QUESTION 51.
The last four weekly values of sales were 85, 91, 99, and 94 units. The last four forecasts were 73, 82, 91, and 81 units. These forecasts illustrate:
Answer
|
qualitative methods |
|
exponential smoothing |
|
slope |
|
trend projection |
|
None of the above |
5 points QUESTION 61.
Week
ly sales of copy paper at ABC Suppliers are in the table below. Which forecasting method is more accurate to forecast week 8 sale? Initial forecast for week 1 was 17 cases.
|
Sales (cases) |
Answer
|
3-weeks moving average |
||||
| exponential smoothing-Alpha= |
0.1 |
|||
| exponential smoothing-Alpha= |
0.9 |
|||
|
Weight |
0.5 |
0.3 |
0.2 |
|
|
Regression analysis |
5 points QUESTION 71.
A fast-food restaurant owner operates a dozen outlets in California. One menu item is the most popular among others, and its sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars). Forecasting equation obtained based on the historical data is
Y = 7.31 + 0.54 X
What is your forecast of profit for a store with sales of $40 million?
Answer
| $ |
1,2 |
| $2 |
1,6 |
|
$2,891,000 |
|
|
$289,100,000 |
|
|
None of the above are correct |
5 points QUESTION 81.
ABC Inc. started producing its new line of parts at the end of year 0. In year 1, it produced 45000 parts at a total cost of $660,000. In year 2, its production increased to 85,000 parts at a total cost of $1,140,000. If the Fixed cost and variable cost per unit are the same, what must be the variable cost per part (c) and the fixed cost (F)?
Answer
|
F is less than $80,000, and c is greater than $7 |
|
F is greater than $60,000, and c is less than $9 |
|
F is greater than $100,000, and c is greater than $13 |
|
F is greater than $110,000, and c is less than $16 |
5 points 5 points QUESTION 10
1. The ABC Company is screening three new product ideas. Only one idea must be selected. The following estimates have been made for the performance criteria that management feels are most important, along with the weight of each in decision making. What are the best and worst alternatives?
|
Estimated Rating |
|||||||||
|
Performance criterion |
|||||||||
|
Demand uncertainty |
|||||||||
|
Similarity to present products |
0.15 |
0.7 |
0.8 |
0.6 |
|||||
|
Expected return on investment |
0.35 |
0.4 |
|||||||
|
Compatibility with current process |
0.25 |
||||||||
|
Competitive advantage |
Answer
|
B is best, and A is worst |
|
C is best, and A is worst |
|
None of the above is correct |
5 points QUESTION 111.
ABC Inc. is evaluating alternative production methods using a decision tree. Production manager has developed estimates of payoffs based on high or low demand. Probability of high demand is 40% and that of low demand 60%. Which alternative will provide the best payoff?
Answer
5 points QUESTION 121.
A company of six departments has the following closeness factors and current locations of departments. Assume rectilinear distance. Which pair of departments has the greatest weighted-distance score?
|
Department pair |
Closeness factor |
|
1,3 |
|
|
1,4 |
|
|
1,5 |
|
|
2,3 |
|
|
2,4 |
|
|
2,5 |
|
|
2,6 |
|
|
3,4 |
|
|
3,5 |
|
|
3,6 |
|
|
4,5 |
|
|
4,6 |
|
|
5,6 |
Answer
|
1, 2 |
|
3, 6 |
|
3, 4 |
|
5, 6 |
|
2, 4 |
5 points QUESTION 131.
1. A company of six departments has the following closeness factors and current locations of departments. There are two alternative configurations. Assume rectilinear distance. Which configuration has the lowest weighted-distance score?
| initial configuration 123456 |
Alternative 1 |
Alternative 2 |
Department pairCloseness factor1,2101,391,481,571,652,342,432,522,613,483,573,654,544,635,62 |
Answer
|
Current configuration |
|
Both the current and alternative 2 |
5 points QUESTION 141.
A company is considering two options for the production of a part needed downstream in the manufacturing process. Particulars are as follows:
|
Specialized automation |
Fixed Costs = $10,000 / month |
Variable Cost / Unit = $2 |
|
General automation: |
Fixed Costs = $4,000 / month |
Variable Cost / Unit = $6 |
What is the monthly break-even quantity for choosing between the two automation approaches?
Answer
|
1500 |
|
2000 |
|
2300 |
|
2500 |
5 points QUESTION 151.
You observed a worker assembling parts and recorded the data as following:
|
Time (seconds) |
Observations |
||||
What is the average time for this job element?
Answer
|
16.1 seconds |
|
|
18.3 seconds |
|
|
18 seconds |
|
|
17.2 seconds |
5 points QUESTION 161. You observed a worker assembling parts and recorded the data as following:
Time (seconds)Observations161818252029
What is the normal time for this job element if the rating factor is 75%?
Answer
|
15.4 seconds |
|
14.2 seconds |
|
13.7 seconds |
5 points QUESTION 171. You observed a worker assembling parts and recorded the data as following: Time (seconds)Observations161818252029
What is the standard time for this job element if rating factor is 75% and the allowance for the process is 20%?
Answer
|
14.6 seconds |
|
14.9 seconds |
|
15.6 seconds |
|
16.2 seconds |
5 points QUESTION 181.
A restaurant manager tracks complaints from the diner satisfaction cards that are turned in at each table. The data collected from the past week’s diners appear in the following table.
|
Complaint |
Frequency |
|
Food taste |
|
|
Food temperature |
|
|
Order mistake |
|
|
Slow service |
|
|
Table/utensils dirty |
|
|
Too expensive |
Using a classic Pareto analysis, how was the cumulative value for the second most important complaint calculated?
Answer
|
47/60+11+3+18+47+5 |
|
3+5+11+18+47/60+11+3+18+47+5 + 60/60+11+3+18+47+5 60 |
|
3+5+11+18+47-60/60+11+3+18+47+5 |
|
47/60+11+3+18+47+5 + 60/60+11+3+18+47+5 |
5 points QUESTION 191.
The UCL and LCL for an X_bar chart are 25 and 15 respectively. The central line is 20, and the process variability is considered to be in statistical control. The results of the next six sample means are 18, 23, 17, 21, 26, and 16. What should you do?
Answer
|
Nothing; the process is in control. |
|
|
Explore the assignable causes because the second, fourth, and fifth samples are above the mean. |
|
|
Explore the assignable causes because there is a run. |
|
|
Explore the assignable causes because there is a trend |
|
|
Explore the assignable causes because the process is out of control |
5 points QUESTION 201.
The central line on a p-chart is 0.50 with a UCL of 0.65 and an LCL of 0.35. The results of the next six samples are 0.60, 0.37, 0.55, 0.48, 0.55, and 0.42. What should you do?
Answer
|
Nothing; the process is behaving as expected. |
|
Explore the assignable causes because three observations are above the central line. |
|
Explore assignable causes because there is a run. |
|
Increase the sample size to get a better measure. |
